That’s much better than the $8.2m losses recorded a year ago and is less than half the prior quarter’s $5m loss. Things are on the up, despite “lower tape automation revenue and a decline in DXi sales from the record DXi quarter a year earlier.”

Quantum expects next quarter revenues to be between $125m and $130m, which, at the mid-point, would mean full year revenues of $552.9m, the seventh consecutive fall in annual revenues.